This property looks like a bad Long-Term investment with a projected -21.6% first-year return on $253k initial cash invested.
-21.6%
Cash On Cash
2.31%
Cap Rate
0.35
DSCR
$4,294
Rent
-$4,562
Cashflow
Cash Flow
$4,294 income − $8,856 expenses = $4,562 out of pocket
Investment Breakdown
|
Purchase Price
$1207k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$253k
Downpayment
20%
$241k
Closing costs
1%
$12,067
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,294
Total Expenses
$8,856
Mortgage P&I
155%
$6,670
Property Taxes
11%
$482
Home Insurance
10%
$438
HOA
3%
$149
Property Management
10%
$429
CapEx
5%
$215
Vacancy
6%
$258
Maintenance
5%
$215
Other
0%
$0